Mortgage technology

Increased cybersecurity spending puts an extraordinary squeeze on smaller firms that struggle to maintain revenues amid the origination slowdown.

Lending that can fulfill Biden administration aims around equity and supply, like an FHA premium cut or financing for accessory dwelling units, remain possible, but late-cycle housing risk is a concern.

Mid America will retain its focus on technology, third-party originations and secondary market executions for specialty products while helping the acquirer expand the scope of its operations.

But the deal could be derailed by antitrust concerns given the size of both companies in the mortgage technology field.

It’s tempting to add yet another screen or an external piece of software, but that’s not always the quickest path to success, writes a director at InRule Technology.

The move by Self Financial could add momentum to recent efforts in this areas by influential mortgage-market participants like Fannie Mae and Freddie Mac.

The tech firm cited an expected 60 to 70% drop in refinance volume as reason for the layoffs, which affect employees in the company’s title business and general administrative duties.

The Texas-based company aims to increase customer retention, offering borrowers amenities like flexible payment options through a self-serve vendor system.

Zigg Capital led the Series B raise for the West Coast-based digital platform, which was founded by former employees of Freddie Mac and Palantir.